GERMANY - Allianz Global Investors (AGI) Kapitalanlagegesellschaft has launched a 'one-stop shop' for company pension provision, providing investment, administration and a general trustee solution from a single source.
The new provision plus account package - "VorsorgePlusKonto" - is targeted at companies who want to give their employees the opportunity to participate more intensively in the opportunities for returns offered by the capital markets.
Tobias Pross, head of pension markets at Allianz Global Investors, said: "Innovative and flexible pension provision packages are becoming an important decision-making criterion when key personnel make a decision on selecting an employer. As far as the company is concerned, a company pension scheme is an important compensation element for generating long-term loyalty with this category of employees."
This week's edition of Professional Pensions is out now.
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The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.